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Spotify's Bright AI Future

Artificial intelligence could increase the value Spotify brings to users and help the bottom line.

By Travis Hoium – Oct 3, 2024 at 9:00AM EST

Spotify (SPOT 1.10%) has found some of the most compelling artificial intelligence (AI) use cases today. The company has an AI DJ and is now making AI playlists. But the real growth could come out of AI ads, all of which Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of Oct. 1, 2024. The video was published on Oct. 2, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Spotify Technology Stock Quote
Spotify Technology
NYSE: SPOT
$477.21
(-1.10%)-$5.31

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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